Warehouse Condo with Roll-Up
3610 Iron Gate Road #112 Bellingham, WA 98226
3610 Iron Gate Road #112, Bellingham, WA, 98226
$319,500
For Sale
$319,500
Newer warehouse condo unit with a 16' x 14' roll-up door, 30' x 50' footprint, and 100-amp three-phase power.
Property Size1,500 SF
Price / SF$213
Days on Market123
Property Features for 3610 Iron Gate Road #112
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2017
Listing Agency
Gage CRE
(360) 483-0508
Listed by
Tracy Carpenter · License #WA 23452
(360) 483-0508
Source
Multifamilyspecialist
Added: Mar 17 Checked: Jul 17 at 2:33 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gage CRE
Investment Insights
Based on property information with market context.
Warehouse condo unit built in October 2017, currently occupied. The space provides approximately 30' wide by 50' deep warehouse/storage area with an average ceiling height of 20' and includes heating/insulation. The unit is plumbed for a restroom and benefits from a shared restroom located at the end of the building, shared across the entire complex.
The property includes 100-amp three-phase power and a 16' wide by 14' roll-up door. Thickened footings are in place to accommodate a 25' x 20' mezzanine if desired. Each unit has exclusive parking in front.
Access to the complex is controlled through a gated, automatic security fence with code. Units are separately metered for gas and electricity, and the facility entry is secured for managed use within the Iron Gate area.
The property includes 100-amp three-phase power and a 16' wide by 14' roll-up door. Thickened footings are in place to accommodate a 25' x 20' mezzanine if desired. Each unit has exclusive parking in front.
Access to the complex is controlled through a gated, automatic security fence with code. Units are separately metered for gas and electricity, and the facility entry is secured for managed use within the Iron Gate area.
Key Highlights
- Built in Oct 2017 warehouse condo unit with 30' x 50' footprint and average 20' ceiling height
- Includes a 16' x 14' roll‑up door and 1,500 SF warehouse/storage space
- 100‑amp three‑phase power and separately metered gas and electricity
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.5k | $9.00 |
| − Vacancy | −$265 | −$0.18 |
| EGI | $13.2k | $8.82 |
| − OpEx | −$2.0k | −$1.32 |
| NOI | $11.3k | $7.50 |
1,500 SF · lease $9.00/SF/yr · vacancy 1.96% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$160.7K
$140.6K – $187.5K
NOI $11,250 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.9K
$309.6K – $412.8K
NOI $24,770 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Robbins Hardwood
General Contractor
Mumms Heating LLC
HVAC Service
Clean Air Comfort ...
HVAC Service
Similar For Sale Nearby
Similar Off Market Nearby
- Bellingham RV Storage — 3820 Hammer Dr, Bellingham, WA 98226
- Storage Solutions — 1082 Telegraph Rd, Bellingham, WA 98226
- Baker Creek Storage — 1621 Baker Creek Pl, Bellingham, WA 98226
- Sunset Storage — 3423 James St, Bellingham, WA 98226
- Storehouse Mini Storage Complex — 3651 Iron Gate Rd, Bellingham, WA 98226
FAQs
What type of property is this?
Warehouse - Newer warehouse condo unit with a 16' x 14' roll-up door, 30' x 50' footprint, and 100-amp three-phase power.
Where is this warehouse located?
The property is located at 3610 Iron Gate Road #112 Bellingham, WA.
What is the asking price?
The asking price for this property is $319,500.
What are key features of this property?
This property features: Built in Oct 2017 warehouse condo unit with 30' x 50' footprint and average 20' ceiling height; Includes a 16' x 14' roll‑up door and 1,500 SF warehouse/storage space; 100‑amp three‑phase power and separately metered gas and electricity
